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jeeps in china. >> reporter: chrysler and gm angrily denied that they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you wit
jeeps in china. >> reporter: chrysler and gm angrily denied that they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler wold not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuablthan services. the mayor can onomy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't y it. it is big in the swing states. politically. jo
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefited. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not everyone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to sw
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler would not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuable than services. the mayor can economy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't say it. it is big in the swing states. states.
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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. >> obama took a gm and chrysler into bankruptcy and sold chrysler to italians who were going to build jeeps and china. mitt romney will fight for every american job. gerri: and the left out swinging today claiming the ad is inaccurate, including joe biden who called it flagrantly dishonest. my next guest says romney has it right. here to explain, associate fellow for the national legal and policy center. great to have you back. always a pasure to have you on the show. this all came out of a report in bloomberg. let me read you what the road and read your response. european sales, the ceos, sergio marchini, considering building chrysler models in italy, including jeeps, for export to north america. now, is that true or is that false? >> that is absolutely true, and prior to that there was a bloomberg report that did say that the yacht was going to be building jeeps in china, possibly old jeeps, so that is where the governor romney got that information. now, there was one slight inaccuracies under the romney and where he said the obama administration sold chrysler to the italians. he di
. >> obama took a gm and chrysler into bankruptcy and sold chrysler to italians who were going to build jeeps and china. mitt romney will fight for every american job. gerri: and the left out swinging today claiming the ad is inaccurate, including joe biden who called it flagrantly dishonest. my next guest says romney has it right. here to explain, associate fellow for the national legal and policy center. great to have you back. always a pasure to have you on the show. this all came out...
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yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even though it was in the supreme court this year, and obama did. there are still important issues where they will not tell the truth or give any answer at all. >> and i -- he's not trying to trick the jeep workers in toledo who know the truth. >> right. >> he's trying to get other people in ohio who don't have someone at the kitchen table who can tell them exactly how it works at chrysler. >> yeah, this is sort of like targeting messaging for low-information voters. i mean to your point. >> and doing it at the last minute. >> the last minute. it's harder to rebut. and one other p
yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even...
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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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he's been slammed by the ceo's of chrysler and gm and called out by the conservative of the detroit news and by the columbus dispatch. today the denver post editorial board hit the romney campaign for outsourcing the truth, saying it smells like desperation and it's shameful. today, vice president biden ripped into the romney lot. >> in the last hours of this campaign, they have become truly desperate. >> chrysler said, quote, it was a leap that would being even difficult for a professional circus acrobat. that's the quote. by the way, i don't think they are acrobats. i think these guys are contorsoinists. >> governor romney is down by five points in ohio, according to the latest polls. for mr. romney, desperate times call for desperate measures and it doesn't matter how much the truth suffers. joining me now is pulitzer prize connie schultz. she writes today, why romly will lose ohio. hint, hint. and dana milbank, columnist for "the washington post." he's writing that romney goes off road with the truth. thanks for being here tonight. connie, let me start with you. you were born and rai
he's been slammed by the ceo's of chrysler and gm and called out by the conservative of the detroit news and by the columbus dispatch. today the denver post editorial board hit the romney campaign for outsourcing the truth, saying it smells like desperation and it's shameful. today, vice president biden ripped into the romney lot. >> in the last hours of this campaign, they have become truly desperate. >> chrysler said, quote, it was a leap that would being even difficult for a...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under president obama, gm cut 15,000 american jobs, but they're planning to double the number of cars built in china which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? >> that provoked general motors spokesman to release this statement "we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its since call worst will diminish our record of creating jobs in the u.s. and repatriating profits back to this country." and in an
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under...
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but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of chrysler's comeback, and toledo, ohio, and detroit, michigan, where they are adding jobs, shifts in the plants and making more jeeps than ever before and can't keep them in stock long enough. so to suggest that they need to go elsewhere to build their jeeps is false. and the fact of the matter is, in the global auto industry today, particularly in china, the mantra is, build them where you sell them. so this idea that somehow american jobs are at risk, because of chinese production, really doesn't add up. >> let me go to steve rattner. i think for the peo
but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of...
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gm says half of t dealershipsn new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but theyhihink actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's dianesta broke tant in chicago >> susie: tom, it was a good day for the markets today. on reporting tonight from the nasdaq th t is closed above the $3-- 3,000 level, best performance in five weeks and downtown at the new york stock exchange heavy volume, most of the dow componentin the green today so a much more nesitive mood in the marks.ma >> tom: much more sitive, much mo, constructionive. technology which had been a laggard, nasdaq, certainly knows this where you are at tonight t was one of the leaders today with the broad-based rally. let's get everybody
gm says half of t dealershipsn new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but theyhihink actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's...
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things, the president still not campaigning on the campaign trail tomorrow, instead he will tour new jersey with governor christie tomorrow. mitt romney, is resuming a full campaign schedule tomorrow. he'll be in the battleground state of florida. >> thanks, chuck. >>> when we come back, back to our storm coverage, specifically, a moment of crisis for a big hospital that included a lot of newborns who needed to move quickly. [ dennis ] it only took two minutes for this town to be destroyed. to a little girl who lived through it, this is more than a tedd
obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things,...
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nobody expected a 10% gain for gm because of the resolution of the $29 billion in pension costs they have. >> right, we're talking about gm and ford, both clear winners, obviously, and ford now, up 8.3%. both beat the streak. tomorrow, auto sales. liz: i know i mentioned netflix, but we have to show the move because this stock, during the year, was $133, and plummeted to an annual low of 52. look now, $79 all because the name carl icon attached to it. gl that's right. you know, liz, he's a game changer for the companies, getting a full stake in there and makes a lot of changes. a lot of clapping, the employees who helped to keep this place alive are ringing the closing bell.
nobody expected a 10% gain for gm because of the resolution of the $29 billion in pension costs they have. >> right, we're talking about gm and ford, both clear winners, obviously, and ford now, up 8.3%. both beat the streak. tomorrow, auto sales. liz: i know i mentioned netflix, but we have to show the move because this stock, during the year, was $133, and plummeted to an annual low of 52. look now, $79 all because the name carl icon attached to it. gl that's right. you know, liz, he's...
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for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-
for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a...
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big town home town pamer news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy." cleveland plain dealer's er89 says "flailing in ohio romney rolls out jeep ploy." say what want about mr. romney's
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans
president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with...
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. >>> likewise, gm so i remembered after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq and, sorry, a.m. ex, your gold card has nothing on this, a new pure gold diamond and mother of pearl card from a bank in kazakhstan. the price, 100,000 big ones. shake your head at that. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a firsthand look at the devastation in his old stomping grounds, the "jersey shore." you're watching "early today." >>> well, welcome back to "early today" this november 1st. the cool air has invaded behind sandy. that's going to stick with the areas that don't have power. pretty quiet weather forecast across the country. there's really no big storms in sight today. even tomorrow looks relatively drank will. just a few showers rolling through the northern plains. let's fast forward to election day. we've been focusing on the swing states. thankfully it looks like the storm will be a coastal storm heading out to sea avoiding areas without
. >>> likewise, gm so i remembered after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq and, sorry, a.m. ex, your gold card has nothing on this, a new pure gold diamond and mother of pearl card from a bank in kazakhstan. the price, 100,000 big ones. shake your head at that. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a...
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between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in the auto industry, but in a variety of manufacturing areas. but ohio is benefiting other areas in terms of health. the health sector is doing fairly well. the health sector is benefiting from the oil and gas deals. so modest positives on the economic and jobs front for the state of ohio. the issue, i think, for obama is that people are thinking about a lot more than just the economy and the automotive side specifically and, of course, the governor of ohio, john kasich, is tying to contribute anything that is positive to his administration as opposed to that of barack obama. >> that we have seen. jim, th
between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in...